Diabetes Research Institute Foundation Inc

Analysis

Diabetes Research Institute Foundation Inc is a registered charity in United States, based in Miami, FL. It received its IRS tax-exemption ruling in March 1973, 53 years ago. Its declared purposes cover medical research, which this site groups under health and saving lives. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Diabetes Research Institute Foundation Inc reported income of $7.1m and spending of $11.6m, spending 162% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income fell from $15.3m to $7.1m (-53%), an average of -22% a year. The sharpest change came in the year to June 2023, when income dropped by 38%. Over the whole period it spent 100% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Diabetes Research Institute Foundation Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 95th percentile within FL. Charities of a similar size with the same main cause include Westside Infant-Family Network ($7.1m), Crossroads Center ($7.1m) and Values Into Action Inc ($7.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 46% of the total. Compensation of current officers, directors and key employees was $589k (5.1% of expenses). Other salaries and wages came to $2.6m. At year end it held assets of $28.2m against liabilities of $800k, net assets of $27.4m. It reported 33 employees.